SEC member Hester Peirce issued a warning for companies dealing with tokenized securities, stressing that they are still considered securities and must adhere to federal laws.
Peirce encouraged companies to consult with SEC officials before offering tokenized products, with a focus on complying with securities laws.
The SEC has signaled a new direction for regulating the crypto industry, with an emphasis on discussing potential offerings with officials.
Republican lawmakers plan to consider a bill aimed at establishing regulatory rules for digital assets, potentially clarifying the roles of the SEC and the CFTC in regulating crypto in the US.